Gold futures settled near 3 week low rate on Wednesday, as the bullion investments got dulled after dollar and US Treasury bond yields strengthened with the intensified bets of more aggressive Fed interest rate hikes.
Gold futures for December dipped by $21.60 or 0.5% to settle at $1634.20 ounce on the Comex division of the New York Mercantile. Spot gold narrowed by $3.14 or 0.19% or $ 1,626.30 per ounce